Chart: Reported Earnings Are Now Back to 1922 Levels, As In 88% Below Trend
- Thread starter ByLoSellHi
- Start date
This is a post integrating the 'Landis, I Choose Not To Put Certain ET Members On Ignore, But Rather Stalk Them & Whine Like A Little Bitch, Because I Can,' preemptive strike:
There was a huge charge-off 3rd or 4th quarter last year to bring the 12-month number to like $7. That's artificially low.
The genuine number is likely $30-$40. Put a 15x multiple on that and the SP "should"(?) be trading at 450-600.
